Golden Matrix Group Inc (GMGI)

[nbketz4]

Last years annual report had this disclaimer-guess what-it's not there in this year's annual report. Absolutely no need for any capital raise-much stronger financial foundation now:


We believe the Company has adequate cash flow and will be able to secure and provide adequate resources and financing to implement its strategic objectives in upcoming quarters, although we cannot guarantee that we will be able to obtain such additional financing, on acceptable terms, or at all, which may require us to reduce our operating costs and other expenditures, including reductions of personnel and capital expenditures. Failure to adequately control operating costs and other expenditures raise new capital or to operate a viable business with reduced operating costs and other expenditures may cause the business to fail, which, in turn, will result in the loss of the investments of our investors.